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7000 Job Cuts Announced At Marks And Spencer – Vows To ‘Never Be The Same Again’

August 18, 2020

Via: Forbes
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Over the next 3 months many Marks and Spencer will cut 7000 roles in regional management, central support and stores. One of the biggest announcements of job cuts since the pandemic yet, this is more devastating news for a brand that has had a turbulent decade in trying to create a strategy direction for the business that connects with an evolving and more demanding customer.

Whilst food has been a reasonably consistent metronome for the business, non-food has seen significant competition from brands like Primark and Zara.

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